HSBC Names New Americas Chief

HSBC has named Tony Murphy its new CEO for the Americas’ global banking and markets unit. Murphy is replacing Paul Lawrence, who has held this role for the past three years in addition to being CEO of HSBC Bank in the US. Starting September 14, Murphy will assume his new role, which includes LatAm. A spokeswoman says the appointment is an effort to align HSBC’s America’s strategy with its global EM strategy. In the US, Murphy will report to Lawrence, who stays on as CEO of HSBC Bank USA. He will also report to Samir Assaf, head of global markets, and Robin Phillips, head of global banking, both of whom are based in London.